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SDAR reports San Diego home sales dip in July

Home sales fell in July while the median sale price of single-family homes in San Diego County continued to stabilize above $500,000, according to new housing statistics from the Greater San Diego Association of Realtors (SDAR).

Single-family resale homes sold in July decreased by about 13 percent compared to June, while sales of previously owned condominiums/townhomes fell about 2 percent.

The median price of single-family homes sold in July was $517,000, down slightly from June, but still 7 percent higher than July 2013. Condos and townhomes sold at a median price of $325,000, down by about 3 percent from June, and about the same as a year ago.

Meanwhile, the number of active listings in San Diego County is approaching 8,500 on the Multiple Listing Service (MLS). That is the highest it's been in 2 1/2 years, yet it represents only about 3 months of inventory. Six months of housing stock is generally considered a healthy inventory level, a point the San Diego market hasn't seen since 2011.

On average, homes continue to stay on the market less than 40 days and are selling 19 percent faster than a year ago and nearly 50 percent faster than 2012.

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Greater San Diego Association of Realtors

Company Website

4845 Ronson Ct., 330
San Diego, CA 92111

Greater San Diego Association of Realtors Executive(s):

Linda Lee

  • 2013 President

Leslie Kilpatrick

  • Board President

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